206_2011 — Insurer Complaints Regulation

s. 1 — Definitions

In this regulation:

s. 1 — Act

Act means the Financial Institutions Act;

s. 1 — OmbudService for Life & Health Insurance

OmbudService for Life & Health Insurance means the Canadian Life and Health Insurance OmbudService carrying on business as the OmbudService for Life & Health Insurance;

s. 1 — primary jurisdiction

primary jurisdiction has the same meaning as in section 157 of the Act.

s. 2 — Membership in dispute resolution service

s. 2(1)

A person that holds a business authorization, or that is deemed under section 191 of the Act to have a business authorization, authorizing the person to carry on an insurance business must be a member of the OmbudService for Life & Health Insurance or the General Insurance OmbudService.

s. 2(2)

Subsection (1) does not apply if

s. 2(2)(a)

the person's business is restricted to reinsurance,

s. 2(2)(b)

the person is a mutual company, or

s. 2(2)(c)

the person is a member of an organization with purposes similar to the purposes of the organizations referred to in subsection (1), in fulfillment of a requirement under a law of the insurer's primary jurisdiction.

s. 3 — Exemption from section 80.3 of the Act

Section 80.3 of the Act does not apply to an insurer whose business is restricted to reinsurance.